September 20, 2019 07:36 AM RSS

The Week Ahead For January 28th Through February 1st: Ugly Week Ahead?

  • Wall Street Rebel | Geoff Garbacz
  • 01/28/2019 1:59 PM
The Week Ahead For January 28th Through February 1st: Ugly Week Ahead?

The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were higher for the fifth week in a row.

1.Geopolitical and Fiscal Events. Monday sees ECB Head Mario Draghi speak. Wednesday sees the FOMC announce their latest decision. 

2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as S&P Case Schiller Home Index, Consumer Confidence, ADP Employment Index, Pending Home Sales, FOMC Rate Decision, Personal Income, Chicago PMI, Nonfarm Payroll, ISM Manufacturing Index and University of Michigan Sentiment Survey.

3.Earnings Releases. Notable releases this upcoming week include CAT CE AAPL PFE FB BABA AMZN MA XOM CVX

Monday, January 28

European Central Bank Head Mario Draghi speaks.

Tuesday, January 29

November S&P Case Schiller Housing Index is due out at 8:00 a.m. EDT and are expected to drop to 4.9% from 5.0%.

January Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 126.10 from 128.10.

Wednesday, January 30

January ADP Employment Index is due out at 8:15 a.m. EDT and is expected to fall to 170,000 from 271,000.

December Pending Home Sales are due out at 8:30 a.m. EDT and expected to rise to 0.7% from -0.7%.

The latest Federal Reserve Open Market Committee (FOMC) Meeting concludes and no rate change is expected.

Thursday, January 31

December Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.4% from 0.2%.

January Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 58 from 65.4.

Friday, February 1

January Nonfarm Payrolls is expected to fall to 160,000 from 312,000 and the unemployment rate is expected to remain at 3.9%.

January ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 53.6 from 54.1.

The University of Michigan Consumer Sentiment Index for January is due out at 10:00 a.m. EDT and is expected to remain at 90.7.

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